KUALA LUMPUR: Aquawalk Group Bhd, the developer and operator of several world-class aquaria, including Aquaria KLCC, recorded revenue of RM25.3 million for Q1 ended March 31, 2026 (FY26), supported by steady visitor traffic across its two operating aquaria.
During the quarter, Aquawalk welcomed 337,748 visitors, comprising 264,283 visitors to Aquaria KLCC and 73,465 visitors to Aquaria Phuket.
The performance reflects the continued appeal of the group’s attractions, which combine marine life, education and family-oriented experiences for both domestic and international visitors.
Ticketing sales remained the group’s main revenue contributor, accounting for 82.1% of total revenue.
This was complemented by retail sales of 15.5%, miscellaneous sales of 2.2%, and the design and build segment of 0.2%.
In terms of profitability, the group recorded a gross profit of RM14.7 million, representing a gross profit margin of 58.1%.
Net profit stood at RM6.0 million, with a net profit margin of 23.6%.
Included in other expenses was an unrealised foreign exchange loss of RM2.5 million arising from the translation of intercompany balances denominated in ringgit by the group’s Thailand subsidiary, following the depreciation of the Thai baht against the ringgit during the financial period.
The loss is non-cash in nature. The intercompany balances relate to funding provided for the construction of Aquaria Phuket.
Group executive chairman Datuk Simon Foong said Aquawalk delivered a steady performance in Q1 FY26, supported by the continued appeal of Aquaria KLCC and Aquaria Phuket.
“Both attractions remain well-positioned as family-oriented destinations that combine education, marine life and interactive experiences,” he said.
Building on this foundation, the group continues to invest in new experiential content to enhance visitor engagement and strengthen the long-term appeal of its attractions.
Aquaria KLCC is developing Discovery Zone 6 (DZ6), a new 2,500-square-foot interactive attraction featuring projection mapping, augmented reality, and educational interactive elements.
Scheduled to commence on Aug 1, 2026, DZ6 is expected to provide visitors with a more immersive and engaging experience while strengthening Aquaria KLCC’s competitive positioning.
This strategy also extends to Aquaria Phuket, where the Group has collaborated with KNOWCK Co Ltd for the development and operation of the Immersive Art Studio, known as the Maya Recall Museum.
Targeting commencement of operations in the third quarter of 2026, the new attraction will feature seven discovery zones across 9,267 square feet.
The Maya Recall Museum is expected to broaden Aquaria Phuket’s experiential and digital attraction offerings.
“Visitor expectations are evolving, with growing demand for attractions that offer more interactive, educational and immersive experiences.
“By combining marine life, education, technology and storytelling, we aim to create richer experiences for visitors and more reasons for them to return.
“These initiatives are part of our wider strategy to strengthen visitor engagement and support long-term revenue growth,” Foong said.
In Indonesia, the group has entered into a shareholders’ cum joint venture agreement for the development and operation of Aquaria Java Timur Park in Batu, East Java.
The project will be undertaken through a 60:40 joint venture between Aquawalk (Indonesia) Sdn Bhd and PT Maju Batu Bersama, marking Aquawalk’s second venture in Indonesia after Jakarta AQuarium Safari.
As of March 31, 2026, Aquawalk maintained a healthy liquidity position, with cash and cash equivalents of RM164.9 million and no borrowings.
This provides the group with financial flexibility to support its ongoing operations, attraction enhancement initiatives and regional expansion plans.
“Our healthy balance sheet provides us with the flexibility to execute our growth plans while continuing to reward shareholders.
“With the enhancement initiatives at Aquaria KLCC and Aquaria Phuket, and the proposed Aquaria Java Timur Park project, Aquawalk is moving forward with a clear strategy to strengthen and expand its regional presence,” Foong said.
